Edelweiss Tokio Life Guaranteed Savings STAR

Take a step ahead to secure your goals

SHARE THIS PAGE

Please Enter Mobile Number

Please select Gender

Reasons Why This Plan is Suitable for Tomorrow!

  • Guaranteed¹ Returns Jaise Aap Chaho!

    Choice to receive guaranteed¹ returns as lumpsum at maturity or in of 5 equal annual instalments

  • Protection, 10x or 20x?

    Base or Enhanced Cover to cater to your family’s future financial protection needs with 10 times or 20 times the premiums⁴

  • Benefits, Family ke Liye!

    Option to continue reaping policy benefits with all future premiums waived off, on unfortunate demise or diagnosis of a critical illness

  • Tax Ki Bhi Bachat³!

    Save taxes up to ₹64,116* with premiums u/s 80(C) and avail tax benefit³ on your maturity benefit u/s 10(10D)

Benefits of Guaranteed Saving STAR

Lumpsum or Regular Guaranteed1 Returns

Pay-out as you like! With an option to receive guaranteed1 returns as lumpsum at maturity or in a regular stream of 5 equal annual  instalments, this is the plan you need to chase your dreams. Such flexibility makes it easy for you to fulfil future goals such as buying your dream house, a luxury car, saving for your child’s higher education, etc.

 

Enhanced Cover Option to Protect Your Family

Higher cover for advanced security! This plan offers Enhanced Cover option, through which you can safeguard your loved ones’ futures with 20x the premium4 paid in case you’re not around to look after them.

 

Long Term Savings & Protection

Hit a century, tension-free! Guaranteed1 savings and life cover for a policy term as high as 40 years. On entering the policy at age sixty, protect your loved ones till you hit a century and enjoy savings that lasts a lifetime.

 

Family Income Benefit

Benefits you can’t ignore! This optional benefit ensures that in case of an unfortunate death or diagnosis of covered Critical Illness, you and/or your family continues to receive the policy benefit, with all future premiums waived off. There are two options under this benefit - Family Income Benefit on Death & Family Income Benefit on Critical Illness and Death.

 

Tax Benefits³

Deductions, that everyone dislikes! The premiums you pay towards this plan are eligible for tax deductions up to ₹64,116* under section 80(C) and the returns you receive have tax benefits³ under section 10(10D). This makes investing in this plan a smart investment.

Choice of 6 Riders⁹

  • Accidental Death Benefit Rider

    This rider provides financial security in the form of an additional life cover to your loved ones in case of demise due to an accident.


  • Accidental Total and Permanent Disability Rider

    With this rider, you can get a lump sum amount to manage your expenses in case total or permanent accidental disability has hindered your earning capacity.


  • Critical Illness Rider

    In case you are diagnosed with one of 12 listed critical illnesses, this optional benefit will provide you 100% of the Rider Sum Assured after 30 days of diagnosis.


  • Waiver of Premium Rider

    In case of critical illness, accidental total and permanent disability or death, get all future premiums waived off through this optional benefit.


  • Payor Waiver Benefit Rider

    With this rider, if the proposer of the policy suffers from an unfortunate event like death, disability or critical illness, all future premiums are waived off and the policy continues for the life insured.


  • Hospital Cash Benefit

    This rider gives a daily allowance in case you are hospitalized for any necessary treatment of an illness or injury.


Get Guaranteed¹ Income in just 4 steps!

1

Pick the Basics

  • Select your plan option
  • Choose the amount you want to start saving
  • Choose your policy term, premium paying term & frequency (Note-Sum Assured on Death and Sum Assured on Maturity will be determined based on the above inputs plus your age & gender)
2

Customize Your Plan

  • Opt for Lumpsum benefit
  • Opt for Family Income Benefit on Death or Family Income Benefit on Critical illness & Death
  • This can be opted for at policy inception only
3

Enhance Your Plan

  • Choose from six riders
  • Get enhanced protection with the rider(s) selected
4

Sit Back and Relax

  • Submit the requested documents
  • Let us verify your details so you can start getting guaranteed income!

More Products You’d Love to Explore

Need expert advice?

Reasons Why You’re Bound To Love Us Back

Asia's Best Insurance Company

Asia's Best Insurance Company Award for CSR Activity & Digital Sales Channel^¹

Life Insurance Company of the Year

BFSI Excellence - Life Insurance Company of the Year 2021^²

Best Customer Experience

Best Customer Experience & Contact Center Management - Life Insurance 2021^³

Here's Why Our Customers Adore Us

Look at what people had to say about our services

Our customers say
Good
4/5
based on 600 reviews

Fire Away Queries

Like teachers say, there are no silly questions

Why should I invest in a guaranteed savings plan?

A guaranteed savings plan is a great choice for someone who wants to save and accumulate wealth for the future. It helps you create financial discipline in your life. Along with life insurance coverage, such plans also provide guaranteed returns. With the guaranteed returns received from the plan, you can easily plan and fulfil your long-term and short-term goals.

Was this helpful?

Why should I opt for Edelweiss Tokio Life – Guaranteed Savings STAR?

Edelweiss Tokio Life – Guaranteed Savings STAR is a guaranteed returns plan designed for you to save for your future. You can choose to receive your pay-out as lumpsum or as a regular stream over 5 years. With two plan options, i.e., Base Cover and Enhanced Cover, you can also protect your loved ones with 10x and 20x sum assured of the premium paid, respectively.

Was this helpful?

What goals can I meet with this plan?

This plan helps any earning/business professional to set aside regular savings as small as Rs. 500 per month for wealth creation and tax-benefits. Be it a working woman, salaried professional, self-employed or businessman, this plan provides you a boost to fulfil your goals. With a savings plan, you can achieve life goals like child’s education or marriage. You can also fulfil other goals such as buying a luxury car, your dream home or planning a peaceful retirement. 

Was this helpful?

Are all the benefits guaranteed?

Yes, all the benefits in this plan are guaranteed.

Was this helpful?

Is the Life Cover available throughout the policy term?

Life Cover is available throughout the policy term, provided all premiums are paid and the policy is in-force.

Was this helpful?

How many plan options are available?

The product offers following two Plan Options.  The Policyholder needs to select one of the Plan Options at inception – Base and Enhanced Cover. 

  • Base Cover offers 10 times the Annual/Annualized Premium. 
  • Enhanced Cover offers 20 times the Annual/Annualized Premium.
Was this helpful?

Are there any additional benefits available?

With ‘base’ plan option, there is an additional optional benefit of Family Income Benefits - Family Income Benefits on Death and Family Income Benefits on Critical Illness and Death. This benefit ensures that in case of an unfortunate event of death or diagnosis of covered Critical Illness of the Life Insured, you and your loved ones don’t have to compromise on your dreams as you/they will continue to receive benefit.

Was this helpful?

What is the Premium Paying Term (PPT) for this plan?

For the Base Cover option, the Premium Paying Term (PPT) options are 5, 8, 10 & 12 years. However, if you plan to go for the Enhanced Cover option, the Premium Paying Terms (PPT) are 8, 10 and 12 years.

Was this helpful?

Can I get a loan through this plan?

Yes, you can get a policy loan once policy acquires surrender value. 

Was this helpful?

What is the free look period of this policy?

You have a period of 15 days from the date of the receipt of the policy document. Policies sold through Distance Marketing will have a free look period for 30 days.

Was this helpful?

Are there any exclusions?

In case of death due to suicide within 12 months from the risk commencement date or from the date of revival of the policy, your beneficiary shall be entitled to receive at least 80% of the Total Premiums Paid, provided the policy is in in-force.

Was this helpful?

What is a Rider?

A rider is an additional and optional benefit that you can choose, to enhance your plan.

Was this helpful?

Are there any Riders available with Edelweiss Tokio Life – Guaranteed Savings STAR?

Following are the riders available with this plan: 

  • Edelweiss Tokio Life - Accidental Death Benefit Rider
  • Edelweiss Tokio Life - Accidental Total and Permanent Disability Rider
  • Edelweiss Tokio Life - Critical Illness Rider
  • Edelweiss Tokio Life - Waiver of Premium Rider
  • Edelweiss Tokio Life - Payor Waiver Benefit Rider
  • Edelweiss Tokio Life - Income Benefit Rider 
Was this helpful?

Do I get any Grace Period?

Grace period of 15 days, where you pay the Premium monthly, and 30 days in all other cases, is available.

Was this helpful?

What is the minimum and maximum premium of this plan?

When bought online, the minimum premium for annual mode is Rs 6,000, for semi-annual mode is Rs. 3,072, for quarterly mode is Rs. 1,560 and for monthly is Rs. 500. There is no limit for maximum premium and is subject to board approved underwriting policy.

Was this helpful?

What is the minimum entry age to buy the plan?

The minimum entry age without Family Income Benefit is 0 years and with Family Income Benefit is 18 years. 

Was this helpful?

We are always there for you

Videos

Additional Resources

1- This is applicable only if all due premiums are paid and the policy is inforce.

2 - The minimum premium amount under this plan is ₹ 500/- per month when bought online. The premium amount is applicable when premium payment mode is selected as annual. The minimum premium for annual mode is consistent with minimum sum assured on death available under the product. For other than annual mode, the minimum premium is consistent with minimum premium for annual mode after allowing for modal factors.

3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

4 – On selecting plan option Enhanced Cover, the Sum Assured on Death at any point of time, provided the policy is in-force is highest of: - 20 times the annualized premium or any absolute amount assured to be paid on death or 20 times the annual premium. Annualized Premium shall be the premium amount payable in a year chosen by the Policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any. Annual Premium shall be the premium payable in a year chosen by the Policyholder, including loadings for modal premiums and the underwriting extra premiums, if any but excluding the taxes, rider premiums, if any.

5 – On selecting plan option Base Cover, the Sum Assured on Death at any point of time, provided the policy is in-force is highest of: - 10 times the annualized premium or any absolute amount assured to be paid on death or 10 times the annual premium. Annualized Premium shall be the premium amount payable in a year chosen by the Policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any. Annual Premium shall be the premium payable in a year chosen by the Policyholder, including loadings for modal premiums and the underwriting extra premiums, if any but excluding the taxes, rider premiums, if any.

6 - Income Benefit payouts are paid End of the Year.

9- Riders are Optional and available at extra cost. Please refer rider brochure for more details.

*Applicable where the taxable income exceeds Rs. 5 crores. Tax benefit of ₹ 64,116 is calculated at highest tax slab rate of 30% (in addition to income tax, a surcharge of 37% is applicable where the Taxable Income exceeds 5 Crores) on life insurance premium u/s 80C of ₹ 1,50,000. As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

 

^¹  - Festival Of Insurance Awards 2020 on Sahara Samay Hindi News Channel on 27th December, 2020 - YouTube. For CSR Activity and Digital Sales Channel (Insurance Alerts Excellence Awards 2020)

^²  - https://cloud-user-recordings-ffmpeg-converted-prod.s3-ap-south-1.amazonaws.com/recordings/ccd117b0-be48-11eb-9782-b590083730e8/3b7e25a3-b9b4-47b0-9f68-70eeb8062d60/ccd117b0-be48-11eb-9782-b590083730e8_0001_474830a2.mp4 (Quantic Business Media)

^³ -  https://thealdenglobal.com/inflection-conference-awards/

 

Edelweiss Tokio Life - Guaranteed Savings STAR is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan. Tax benefits are subject to changes in the tax laws. The tax benefits under this Policy may be available as per the prevailing Income Tax laws in India. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding a sale. 

IRDAI Reg. No.: 147. CIN: U66010MH2009PLC197336. UIN: 147N074V01.

ARN: WP/2586/Jun/2022 

 

Share

SHARE THIS PAGE

Rate

RATE THIS PRODUCT